Following a joint-application filed on July twenty fifth, Dan Putnam’s securities fraud case has been delayed nicely into 2023.

As said within the filed joint-application, the requested purpose for the delay pertains to the scale of the case.

It is a complicated case involving roughly 19,000 cryptocurrency transactions.

The Events are nonetheless partaking in settlement discussions. The Events search to keep away from the expense of additional discovery whereas they search a decision to the case via settlement discussions.

The SEC alleges Putnam (proper) and fellow defendants Angel A. Rodriguez and Jean Paul Ramirez Rico, via Fashionable Cash Group and different Ponzi schemes, defrauded shoppers out of at the very least $12 million.

Putnam’s seventy-eight 12 months outdated father, Richard T. Putnam, is a aid defendant within the case.

On July twenty seventh the court docket granted the applying, pushing a scheduling convention again to June seventh, 2023. 

Whether or not a settlement between the events is reached within the meantime stays to be seen.

The court docket famous it’s “not inclined to grant additional extensions of the case schedule.”

Within the meantime, Putnam is busy arising with new MLM alternatives. BehindMLM has to this point famous the current launches of B-Eco and In opposition to All Odds.

As a result of exclusivity settlement representations, we imagine Putnam can also be behind Govvi.